Finance minister: Success of FX bond issues shows investors’ trust in economy
Investors have demonstrated trust in the Hungarian economy despite the war in Ukraine, with successful FX bond issues in total value of 3 billion dollars and 750 million euros, the finance minister said on Thursday.
LMP calls for wage increase to match inflation in public sector
Annual inflation reaches double digits
Consumer prices in Hungary rose by an annual 10.7 percent in May, up from 9.5 percent in the previous month, the Central Statistical Office (KSH) said on Wednesday.
Industrial output slows as automotive sector sputters
Output of Hungary's industrial sector rose by an annual 3.1 percent in April, slowing from 3.6 percent in the previous month, as output of automotive companies continued to shrink, the Central Statistical Office (KSH) said in a first reading of data on Wednesday.
Finance minister submits draft budget focusing ensuring security, growth
Hungary's finance minister on Tuesday submitted the government's draft 2023 budget to parliament, declaring the bill would "protect the government's achievements, ensure the security of Hungarian families and keep the economy on a growth path."
Retail sales climb 15.7 percent in April
Retail sales in Hungary rose by an annual 15.7 percent in April, the Central Statistical Office (KSH) said on Friday. Adjusted for calendar year effects, retail sales climbed by 15.8 percent, showing double-digit growth for the second month in a row.
Hungary economy expands 8.2 percent in Q1, KSH confirms
Hungary's GDP grew by 8.2 percent year-on-year in the first quarter, the Central Statistical Office (KSH) said in a second reading of data on Wednesday. Adjusted for seasonal and calendar year effects, first-quarter GDP rose by 8.0 percent year-on-year. In a quarter-on-quarter comparison, adjusted ...
PMI reaches 51.5 in May
Hungary's seasonally-adjusted Purchasing Managers Index (PMI) stood at 51.5 points in May, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Wednesday.
Central bank raises base rate by 50 points
Hungarian rate-setters raised the central bank's (NBH) base rate by 50 basis points to 5.90 percent at their regular policy meeting on Tuesday.
Industrial PPI accelerates to 28.8 percent in April
Industrial producer prices in Hungary rose by an annual 28.8 percent in April, picking up from a 25.9 percent increase in the previous month, the Central Statistical Office (KSH) said on Tuesday.
Investment volume up by 8.7 percent in Q1
Investment volume in Hungary rose by an annual 8.7 percent in the first quarter of 2022, supported by investments from businesses and growing activity by households, the Central Statistical Office (KSH) said on Monday.